Skip to main content

tv   Fast Money  CNBC  December 5, 2012 5:00pm-6:00pm EST

5:00 pm
moment? when does this nation ever do anything big or important without a ticking clock like the one we have now with the fiscal cliff? no, the time is to act now. unfortunately, this is not a problem that's going away by burying our heads in the sand. there are hard decisions to make, painful decisions. to suggest that we wait a year to make them means we are not serious about making those decisions at all. that will do it for us today on "closing bell." "fast money" begins right now. stay with cnbc. a lot more to come before tomorrow's big day on wall street. have a good night, everybody. stocks stuff. >> the market has spent days agonizing over 1414 so we'll see how that holds up. >> politicians in gridlock. >> i have just started. that is a bad strategy for america. that's a bad strategy for your business. and it is not a game that i will play. >> apple shutting down. >> apple is falling and falling
5:01 pm
fast. now slipping back into bear market territory having its worst day in more than one year. >> will anything get moving before the end of the year? we find out right now. live from the nasdaq market site at new york city, time scare, it's melissa lee. geithner and the fiscal cliff. is he pushing us closer to or farther from the fiscal cliff. and doubling down on dividends. we've got an out of the box ets flight that can get you in on the pay day windfall that's taking shareholders by storm. plus, linked-in gets original. the executive editor will reveal why the company's move into original content could be a game changer. we'll get to those trades in a minute. let's get to the top story right away. apple misses the rally. the dow closed at a one month high but the trouble continues for apple posting its worst day
5:02 pm
in nearly four years. the stock falling back into bear market territory weighing on the nasdaq throughout the entire session in terms of price action, terrible. pretty heavy volumes closing two pennies off the low of the session deep. >> it was terrible. i'm trying to be measured here because i understand how -- >> you don't want to insult apple. >> that's not what we're attempt to go do. we're trying to help them. last night to a person we thought it would go lower. we didn't do that to hurt people, we did it because that's what we felt. with that said, it was not a good day. the fact that the stock closed on the lows obviously was not good, particularly good on a benign day. the fact that it couldn't really rally when the s&p staged an 8 or 9 point rally, that wasn't good either. the change was the may 18th levels and the recent levels that we saw a few weeks ago when it bounced off that 505 level, my sense is, yes, it does. i know there will be analysts that will come out and defend. they should.
5:03 pm
fundamentally it makes a lot of sense. technically right now the stock looks to be a bit broken. it's imperative in my world that it holds now 520. >> there are going to be a lot of people pointing to a digitimes report. order components. margin component that's been raised on shares of apple. do you think that could really be behind this massive decline we've seen? >> in a single day this was quite a big decline obviously. i think there was a confluence of events. you have the digitimes articles. they're changing from 60, 70% growth that you had two years ago and then finally you have this story about potential margin selling which is probably on the margin a negative here. >> you like that, right? >> but i would say that when you start talking about margin selling, that's a deleveraging process. if one clears, everybody else is thinking about it. i'm not saying they're doing it. that starts to feed on it self and you get all these other negative news today and you get
5:04 pm
a stock down 4 1/2 percent. >> i thought it was weird just to jump off. apple was under pressure today but you had the overall market higher. cat tractor higher. you had global growth stories that everyone's been putting into question really staging a comeback and putting something on going in the green. there was a time a couple of weeks ago where we thought if apple was down, the market was down. >> right. exactly. that's really thanks to china. china overnight sifted past urban mization which led people to think copper, comment, etc. would do well. and that helped the markets. >> statements were consistent, getting clarity in policy, that was good. i totally agree with these guys, in apple's fall and the market's sustenance of a pretty good range is very, very good. the other part of china and apple, old girlfriend come back into the fold. >> looking good. >> they're going to do mogul and
5:05 pm
aluminia 922 t. it's a sign that maybe apple will not have this big windfall with china mobile which is 670, 680 million subscribers. last week we talked about the china unicom deal, they got the approval to run the apple iphone. when you look at apple, they're getting dinged on both sides of the pond. at&t at their conference indicated smartphone sales are down or slightly moderate, which isn't what apple is 130esed to do. >> the only thing i would add, look at the aussie dollar. it did not rally. if there was going to be a big commodity rally, the aussie dollar would rally. >> is that because of the tax -- not the tax, the rate cut. >> well, right. they did have the rate cut. the day they have the rate cut the aussie dollar rose. you would think there would be some momentum in that.
5:06 pm
there really wasn't any momentum. that concerned me a bit. >> we were talking about apple. we talked about it last night. see what we had to do on the set last night. >> fundamentals, revenues slowing. earnings growth is slowing. potentially margins have been peaking. >> that is something that if somebody put that chart in front of you and didn't tell you what it was, you would not be buying it. you'd say, that rally is something to be sold. >> i will say that apple is much more than a chart, apple is an ecosystem. apple is something that people love in terms of its products and so, therefore, why can't it transcend just being a chart with a technical breakdown? >> the emotion, it's amazing the emotion that this stock brings out in folks. we could say something negative about cat tractor. we'll talk about freeport mak and nobody will bat an eye. if you even come out as anything construed as negative, the -- >> they're broken up. >> i'm the first to say that.
5:07 pm
the fundamentals -- we're not bashing the company. we're just pointing out that technically it appears to be broken at this point. we talked about it last night. and to timmy's defense, he talked about it back in september when the stock was traiting at 685. >> yeah. let's get more on the billing move that we saw today in apple. bring in jean munstra of paper jaffrey. gene, it will be fair to say your price target is $900. >> that's correct. >> and you're sticking by it. >> yes. >> in terms of decline that we've seen, how concerned about the sentiment that it's turned to the point where we are looking at the charts on apple. we're taking a look at that pe graph that we threw up there. we saw the p on apple in a steady decline since 2009 which coincides with the iphone 3gs. at what point do we catch on with apple. apple has the cool factor, apple will have products in the pipeline, apple will deliver? >> there's a few things going on
5:08 pm
there. the pe side there's not much incompetent kremtal down side because of the cash they're generating. in terms of the technical side, i'm a fundamental analyst and did a lot of calls with analysts there. i feel like a got a master's on technical analysis based on an earful from technical investors. that's a big earful. that's a huge issue on investor's minds. that would say the stock can dip back to 500. that's a multiple day event. the fundamentals are strong. two of the topics that people are talking about, the digitimes and at&t, both of those comments had very positive things to say about apple that people looked through. >> gene, it's tim. there's positive things being said about microsoft and google. when you look at alternative operating systems, whether it's microsoft and their own hardware, this to me is the
5:09 pm
issue and has always been their issue, they're not going to be able to stave off hardware which becomes indistinguishable. and when you get to places where margins are cut razor thin and will do it better than apple, they can do it cheaper. this is the fundamental issue, it's not a technical issue. >> i would disagree on a microsoft side. microsoft reported their original os 8 numbers. they didn't give any of the surface numbers there. i think you're exactly right in terms of android. especially in an emerging market, that's becoming a bigger deal. keep in mind it's getting to some of these numbers for next year, it doesn't require the big apple growth that they've had. in other words, if they can just gain a fractional share and get to where they want to go. let android have a lot of the emerging markets and apple can beat the street numbers for 2013. >> gene, brian kelly.
5:10 pm
over the last 12 quarters you changed the price target 22 times, sometimes twice a month. in 2010 they were growing 70, 80, 90% earnings per share. what i'm getting is now we're trading 12 times, 14 time. why should i pay 12 times for a company that will grow 25%? >> i think part of it is the visibility. you talked about the ecosystem earlier. there will be a shift in how investors think about apple. it was a product company. that's a big part of it. but to answer your question, you get higher visibility. i know that numbers get bigger, but if you start to get to this replacement side of the story we're still a few years away from that. that doesn't sound good in thec that's an important reason why the growth rate can continue to build. we're a couple years away from that.
5:11 pm
to answer your question, i think that's the reason why you pay for that. >> really quick. is it disturbing at all to you i think android, you know this better than me, outselling apple phones 6-1? that's something i saw recently. >> it's disturbing if it lasts the next couple of quarters. we expect them to jump back in favor of apple. you have to look at it in the context. year, not the september quarter. no one was buying an iphone. >> i'll ask a question, gene. the decline we've seen in apple shares, does that shake your confidence at all in the your price target of $900? >> it doesn't. i feel like i've been through this fire drill a dozen times in the last ten years. there's some good reason why the story is over. at the end of the day when we survey people which we do a lot of surveys on this, the demand for iphone, demand for apple products continues to be exceptionally high. we think that that's ultimately going to drive the stock higher. >> gene, thanks for joining us.
5:12 pm
we appreciate it. we should know tomorrow on halftime, steve milunovich on halftime. investor sentiment around apple, do you see them clinging to hope still? >> yeah. i think it's the case that gee makes. they hate to see a stock like amazon go higher. he's talking about fundamentals. when you bring the two, they still love apple and they still hate amazon. >> next on "fast" is secretary timothy geithner pushing us closer to the cliff's edge or moving us farther from it? find out in the cnbc exclusive. two stocks. which one is a better deal. our traders will make the call. we'll be right back. [ abdul-rashid ] i've been working since i was about 16.
5:13 pm
you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ ♪ when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common.
5:14 pm
they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential.
5:15 pm
5:16 pm
no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax
5:17 pm
hikes for the wealthy. here it is. >> i want to understand the administration's position when it comes to raising taxes on the wealthy and those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. remember, it's only 2%. >> what the -- we just got a statement from senator hatch who called treasury secretary geithner's remarks one of the most stunning and irresponsible things -- statements he's heard in a very long time and i think there's going to be some gop reaction. i will say that the idea for the question i asked came out of comments that president obama had made earlier so i'm not sure how much a change in position this is as it is just explicitly stating the position of the administration. he also said that going over the -- a deal would not get done
5:18 pm
without a deal on the debt ceiling as well. finally the treasury secretary said the proposal from speaker boehner did represent some progress. >> i think we're making a little bit of progress. i mean, we're still some distance apart. they're clearly moving. they're trying to figure out how to move further. you've seen them acknowledge they're prepared to do $800 billion in higher taxes on part of the american economy. that's part of a balanced framework. that's definitely some progress. what we need to have them acknowledge is that the rates go up and if they're willing to accept that and commit to that as an agreement, then we think we can do something really good for the economy. >> what you have here is really the administration laying out the parameters of getting a deal done. it's going to be tax hikes on the wealthiest 2% going back to the bush tax cuts, although there was a little play in the idea. it didn't have to be 39.6%.
5:19 pm
he didn't say that had to happen, but he says he thinks that's the best way for a deal to get done to raise the money they need. and a deal on the debt ceiling. so, guys, i'm not sure where we are on this deal. i know the market looks a little bit upbeat. geithner says he thinks the deal looks like it will get done. it sounds like the two sides are pretty far a park. >> it sounds like he's implying for the republicans to make the move and acknowledge that the taxes will go higher. is that what you heard from the conversation? >> absolutely. i don't think -- i mean, i think now they're very clear in saying that there is no deal without raising those tax rates on the wealthy and that we better start there to understand if we have anything in common before we go further into the date, essentially melissa, i think is what he was saying. they absolutely want a deal on the debt ceiling. it strikes me that the administration is playing what it believes to be a stronger hand here essentially coming off the election, melissa, they think they have the power here and also the polls are in their
5:20 pm
favor. we'll talk about that tomorrow when we talk about the cnbc all america survey. >> steve, thanks for that interview. exclusive with secretary geithner. let's pop and drop. canadian pacific railway up 4%. >> we didn't talk about this railroad but we talked about some of the railroads that might benefit from the strike. this is not a factor from that. the railroads are rallying. >> got a pop here for the ishares china 2025. jim? >> china broke out. a lot of people looking for ways to expose it. the china ftse. this is a place i think we're goings higher. >> gnat gas up 4%. >> got a beth of a boost. also from companies wanting to get a little more gassy. >> oh. >> well, they are. they want to get some of this natural gas offshore and i still
5:21 pm
like it. >> grasso? >> i bought mc, i bought ac steel and i bought big steel, leonard x. i've already sold all three. i've clipped my profit. i'm done for now. if the global economy is doing better, they will continue to go higher. >> up 7%, western digital. mike? >> accelerated dividend is one. >> and we've got a pop here for honey boo boo. >> what? >> what do secretary of state hillary clinton, chris christie and honey boo boo have in common? they've all been placed on barbara walters' most fascinating list. honey boo boo has her fair share of critics including adam lee convenient and south parks. she's sweet loving. look at that face. >> so that's not a sign?
5:22 pm
>> what? >> of the myan prophecy. >> i knew you were going there. >> that's scary. >> all right. next on fast city stores, is it safe to get into this stock? our traders will make the call. special dividends are all the rage. is there one etf? we've got an under the radar name. that is next on "fast." [ male announcer ] with wells fargo advisors envision planning process,
5:23 pm
5:24 pm
it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery.
5:25 pm
welcome back to "fast money." big banks, a real highlight. citi the biggest mover. 11,000 head count reduction. bank of america was the best gainer in the dow on a percentage basis, closing up $10 first time in 17 months and the best gainer in the dow year to date so far, melissa, up 86%. >> wow. big gain for bank of america. they closed above ten and stayed above ten is very important. >> to me, i'm not certain why it's up. i'm 450 million shares normal buying.
5:26 pm
stock's up 6%. that's a tremendous move. i think there must have been some shorts courting this. technically we're above the may high. i think people will be looking to buy this breakout. i wouldn't be one of these people but it stands to reason it probably goes up tomorrow. >> all right. sometimes traders hit it out of the park and sometimes they swing and miss. let's play the good, the bad, the ugly. back the in october tim got a chance to dial in on a samsung trade. take a listen. >> i think samsung is the call. it is about hardware prices where i think apple can't compete with these guys and where they're losing market share. >> all right. that was a good call. up 14%. tim, what do you do with this? >> i think you can stay in samsung. i think you're seeing people rotate within asia and korea's had a pretty good run. samsung, the issue isn't going to be the kind of growth they have to live up to. samsung is staying in this trade. >> onto the bad. now about a month later it was grasso completing a trade on hue
5:27 pm
let pa hewlett-packard, take a listen. >> you have to be afraid of the bigger names too because if you think google or apple is safe, this is where the biggest chunk comes out of going into ear end. >> hpq may not have been such a bad place to put your money. it's been up 19%. >> do i get partial credit? >> no. doesz everybody get a trophy, no. >> people are just losers. let me tell you something. the selloff was due to the economy. i'm not in the business of catching bottles. who's in the business of nick and bottoms. a proctologist. that's right. >> that is redundant. >> so when i was on the show i need to have -- >> thanks for that, steve. >> for me, i need to see a little bit of confirmation of holding that bottom. i have to give some credit to gary berman, clear man advisors. he mapped out every time this
5:28 pm
stock is oversold in '02, '04, 2010, 2011. bounces unbelievably. i bought the stock yesterday. >> you did? >> confirmed. if you have a weak stomach on this, 1328 is your first exit. you have a stronger exit, $13. i think it moves higher from there. >> whoa, whoa, whoa. what's the name of the -- >> we did everything monday. the good, the bad, the ugly. >> that was ugly. >> i'm sure the crack back in ec has something to say. look at that. >> has an octopus moustache on everybody. that's a copout. that's too easy. >> not attractive though. >> definitely ugly. >> pretty ugly. >> i didn't think it was that bad. ridonkucus. >> let's move on. more than 130 companies have added special did i have have i dends in the fourth quarter. many more expected before year's end. a lot of the special divs are
5:29 pm
priced in. let's bring in matt hogan from index university. matt, great to have you with us. you point out that there really aren't great etfs to place special dividends. in terms of the dividend universe, which ones should people be looking at? >> mostly the special dividend story is out. no big surprise. you have to think what comes next? what's the hangover. the hangover is the additional buy backs by companies. next year they're going o spend less money on dividends, more money on buy backs. there's pkw. holds stocks and have bought back a lot of their securities. i think those could come hot with investors. that's a meaning that could catch on. that's one of the etfes to play the dividend space a different way. >> what is the did i have depd criteria. if a company is already an active buyer of its own shares don't you want to play that tab beginningal company that may be issuing a special dividend now
5:30 pm
but will change their policy once tax policy changes next year so therefore switch from a dividend to a buy back. >> that's right. it only holds stocks that sold back 5% of their securities. a lot of those stocks do buy backs and pay dividends. you expect the buy backs to increase. i also think there's a tendency for investors to catch onto the new hot thing. once they start to look elsewhere, these are companies that are already doing it. they're going to do it even more. there will be those side plays, transitional plays as well. that's an interesting idea. can't really capture that in an ecf. pkw is a way to capture a company that is already doing it and will continue to do it. >> i'm wondering how liquid this is. i wouldn't call this an obscure etf. they don't trade that well. >> that's absolutely right. you know when this etf came out i called it ri dick cue lus or
5:31 pm
ridonkulus to use your words. i thought it was wild. trade's a little wide. average spreads are about 17 div. trade a little carefully. it's not one of those $30 million etf. it has almost $2 million in asset. matt, thanks for joining us. ahead of break, i want to point out an $11 million insider trading scandal. we're getting word the s.e.c. is accusing a wells fargo banker of providing confidential information to his friends about proposed mergers in which wells fargo was acting as an advisor. it ran until july this year. more details as we have them. meanwhile on fast, don't let the modest price of gold fool you. can linked-in transform itself to the online king? much more fast straight ahead. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused.
5:32 pm
5:33 pm
tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5411.
5:34 pm
5:35 pm
welcome back to "fast." we're live at nasdaq. investors were not part of the video today. shares plunging on the news. the worst performer on the s&p 500. are option traders seeing it differently. mike ko, what do you see? >> eight of the ten options including the top six were all called so i think that's reflected a little bit of optimism. there might be a little bit of a bounce here. also, we saw a huge trade, 3542 call spread. someone paid about $1.60 for 12 of those. if the stock went before $36.60, this person may have been looking for selling about 250,000 shares of stocks. that suggests a bumpy road. >> so does anybody get the deal? >> no. well, i get it because they definitely are going back into
5:36 pm
exploration. they are trying to diversify against china risk with copper. it was a cash generative copper company, fantastic company. now you get into throwing a lot of good capital after exploration and r and drk. companies can go out and spend their money right now on mna and transactions that may not be creative. in freeport's case, this looks like a lot of inside dealing. i don't mean necessarily there's something shady going on. i'm saying you have the ceo of mcmoran who is the chairman of freeport. it was a company spun out of freeport 15, 18 years ago. >> special relationship with all of them. you understand what happened, but i don't think that the shareholders will ever approve of the diversification that they're trying to do right now. so i don't think you're going see it. i think it's way late and there's a lot of short interest. >> we've seen this before. >> they overpaid -- >> p and p and petro hoff.
5:37 pm
>> freeport mak dodged a lot of people. that turned out to work out pretty well. it took some time, but it turned out pretty well. i actually for the first time in a while, i'm interested in that. monster volume day, traded down basically 52-week low. it could actually be interesting again. >> let's move on here. shares of business center linked-in have skyrocketed since its ipo last may. the stock is up 140% since going public so far avoiding what's been playing other companies out there. their subscriptionion revenue up 67%. jeff weiner called linked-in a business publisher. it's the next big thing for social networks. joining us is dan roth, executive editor for linked-in. how important is the natural content to attract people to pay
5:38 pm
for subscriptions and kind them as subscribers. >> this is less about subscriptions and keeping the right content. make you better at what you do, what you want to do. i think you talked about this being transformational. it's more evolutionary. a year ago we launched linked-in today. a million publishers. we looked to see what business stories are trending. get them in front of people in the right way. six weeks ago we launched another program. we have mohammed alaryn, the ceos of zulu, you have barack obama, the president of the world bank. it's an incredible people. becky quick is one of them that's on there. just writing content that's really important for people in business around the world. >> obviously this must translate at some point into a user, keeping the user, either engaged longer or bringing them in. i mean, how does that work?
5:39 pm
because it's got to connect. i applaud putting the right content in front of the right people but at the same time it's a business, right? >> right. >> how does that work? if you're coming in, sharing it with your boss, sending it to someone you want to deal with, this is a conversation starter. it's great for linked-in, great for the business world in general to have this comment. get insight from people, 187 million people. they're never going to connect with richard branson in real life. they can read what richard branson's top tips are for starting a business and they can think about how they're going to start their own business and they got that from linked-in. >> my question is content has some value to it. better content has higher value? >> are you paying for content if you were competitive with something like the forbes. if not, what's going to be spelgtsal about this particular original content.
5:40 pm
how are you going to a tact something on there that i want to read. the. >> great question. the reason is we don't pay for content. they can reach an audience. tim brown, the ceo of ido talks about how design affects your life. it is great for ido. this brings new business to ido. i assume it's bringing some. people who might not have heard of ido are going to go check out and think about hiring them. even more so, you cannot roach a professional audience in any other -- you can't reach a worldwide professional audience in any other setting than on linked-in. i think a lot of these guys are getting data from us. they know how many people are reading there. they can see where it's being read. they're looking at the comments and the comments are intelligence. >> it sounds like this would help you put the right advertisements on that original content. >> there are ads that show up. this is not an advertising play, this is really the idea of
5:41 pm
coming to linked-in, get this content, it makes you a better professional and you come back every day to get this. >> dan, thanks for coming by. dan ross of linked-in. next on "fast," we'll tell you when to hold 'em and when to felled 'em. green mountain down more than 6 percent 0%. are you better off buying its competitor? we'll tell you after this. >> announcer: options action is sponsored by think or swim by t.d. ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 music is a universal language.
5:42 pm
but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this he pursuit of perfection.
5:43 pm
twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
5:44 pm
welcome back to "fast money." gold futures settling at a one month low. below $1700 for a second day. down 100 bucks from its recent high. goldman sachs sees gold moving higher in 2013 but they think the improving economy will cut their price forecast from 1825 to about 1840. >> bk, do you agree with goldman? >> i think the fundamentals haven't changed on gold. it's having a little bit of trouble. i'll check out platinum. >> let's do hold 'em or fold
5:45 pm
'em. >> when you're done with this. make sure you say i'm going to fold or i'm going to hold. >> here's a preface. the losers sell the winners so we play hold 'em or fold 'em with two stocks hitting new highs. we have a 52-week low down 34% from a year ago. ambassador, what do you do? >> you hold em'em. part of this is because of these chinese stocks because of the s.e.c. and the big four on the ground. they are growing. their valuation looks relatively interesting. this is value territory. value is going nowhere. they dominate their market. i would buy this stock. holding this stock. >> you came out of the gate really strong. you started with the hold 'em and you ended with the hold 'em. >> does that mean i win? >> no. that's your problem. all right. next up, foreman hitting all time highs up 28% year on year, bk. >> so i start with the hold 'em
5:46 pm
fold 'em. >> you can do anything you want. >> brown came out with great news today. they raised their guidance. great company. what concerns me is the price action today in the stock. when they have good news it comes up and that's my signal to get out. technically i get out of this thing. i still like the company. here i would fold 'em. >> you fold 'em but hopefully hold later. >> hold it later. take your profits. >> right. >> you confused him on that one. >> is that really super confusing? >> no. you extended the segment a little bit. >> grasso, i'll send you the rules later. the fight to be your favorite cup of coffee far from over. which coffee stock do you like the best? sima, what do you like? >> the coffee wars are heating up. investors are in the china, asia pacific region. they remain inline. yum, starbucks though ended the
5:47 pm
day down by nearly a percent while the rally at green mountain continues. which stock would you rather own. matt tweeted green mountain all the way. starbucks will be troubling if the economy falls down. last week i think starbucks is the best stock to own although they're busy all day long. russ says i like starbucks for its cult-like following. technicals look like garbage. green mountain has gained 64% over the past month. a reoccurring question on twitter, is this sentiment driven or are there fundamentals you've seen on gmcr? hopefully we can get them to answer right here. mike, what do you say? >> you know, it's interesting. we've seen some bearish activity for a couple of days with starbucks going into this. we saw more of that today. we have a little bit of a valuation problem. green mountain we've seen a
5:48 pm
little more bullish activity. i have to say i'm not overly optimistic about either one of them. >> are we talking about greep mountain? >> yes. >> remember the day had a we said you'll continue to see a short covering rally. it will overshoot to the short side. over the last couple of days i think it still goes higher. >> starbucks to me, this is the new yum. in fact, we did a piece on emerging money today where ultimately these guys only have 10% of their operating income. the meshes, a loolt of them in latin america. this is an untapped market. they are going hard. they can do it. this is where there's growth for these guys. they've actually executed and i say all the time, if starbucks was in russia when i lived there, i'd probably still be in moscow. i think there's a lot of people that love starbucks. >> i do. therefore, it's incoming. >> the reverse aal of starbucks
5:49 pm
today not good. >> there is a case to be made for higher lows. i don't think it's a terrible setup technically. >> got it. thank you. next on "fast" that's no dummy. mannequins that watch you shop. but it could help retailers boost sales. "fast money" shopping spree is next ♪ every bond you break, every step you take i'll be watching you ♪ >> announcer: cnbc program is sponsored by brothers printers. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. how they'll live tomorrow.
5:50 pm
for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪
5:51 pm
5:52 pm
some companies go to extremes when it tries to figure out what their customers want. julia takes it for us. >> mannequins are spying on you at the mall. it sounds creepy, but it could be a game changer. this italian mannequin has a camera in its eye. it recognizes shopper's age, gender and race. it's similar to ceiling surveillance. this has the advantage of being at eye level.
5:53 pm
when it spots it's a man or a woman, it can swap out a video add. >> you will never know that it's coming there the mannequin. at 4:00 p.m., he will stay for five minutes. >> private almax has a price tag of 5,000 bucks. that's 10 times the regular mannequ mannequin. >> can you rent one? does it cost much to acquire one? >> i don't think you can rent them. this technology is mostly being used in europe and it has been rolled out by various european retailers. they're just right now introducing it here in the u.s. maybe they'll be willing to rent one to you. >> thank you, julia. now we here at "fast money" are crack staff here, we have obtained exclusive video of these manny cams in action.
5:54 pm
>> our fashionable trader apparently went on a little shopping spree before the show. >> oh, no. >> for women's clothing. what are you shopping for? >> oh, no, guy. >> is that the man zee. >> i didn't know they were in the states yet. busted. >> forever 21. >> forever 21. >> just a little shopping before the show. >> do you feel young, forever 1. did you buy anything? >> i like that. >> rabbit skin? >> it's really disturbing though. i thought i was in there on the lamb and i guess you guys sort of made me. >> we found you. we found you. >> ridonkulous. >> let's end a trend here. why not. guy? tell us. >> well, it's interesting that veri phone, the symbol is pay. if you see what ebay has done, this stock has been grim death
5:55 pm
since may or so. it's traded straight down. it's been bouncing along the bottom. ubx put it on its most preferred list. the valuations are reasonable. pay into earnings which i believe is about a week or so from december 13th. i think you can own the stocks into earnings for trade. >> pay. >> what do you like in the electronics space? >> i see where guy's coming from this. certainly technically looks like a decent setup into earnings. you have a defined range. i'd much rather be an ebay. they said last thursday they had their best day ever as well as paypal. that's the place. >> caught up. >> how about the big pop in melee. little discussion about this whole pay feature. mer kad doe. >> all right. coming up next on ""mad money"" cramer has a brand new growth scheme south of the border. while we wait for washington to strike a deal, jim's making sure you're ready when he plays, am i
5:56 pm
diversified. plus wooin garten realty ahead with jim. we have your first look at tomorrow when we come back. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this.
5:57 pm
customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy.
5:58 pm
what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade.
5:59 pm
>> forever 21 shopping spree music. time for the final trends. go all the way around the horn. mike ko. >> there's been a lot of news in netflix. i think it may be setting up well to sell. >> ken see more. >> check out the chart on the emerging market in s&p. russia outperforming that. play russia against the s&p. >> did you try any of the clothes on in forever 21. >> did you feel beautiful? >> yeah. >> did you feel 21 again? >> you still love those shoes. >> you know, you're not allowed to tape people. >> apparently you are. >> i love the deliberation in front of the mirror like, h'm, is this my color. >> right size. >> for the who concert today. we're going to the who concert. >> final trade. >> we did it. pay. >> steve

109 Views

info Stream Only

Uploaded by TV Archive on